Industry News

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(June 17, 2008) With the sunny weather of June upon us, many clients will be heading off to the cottage. Most will find it hard to pull themselves away from their vacation. And some just won’t bother coming back to the office at all.. According to the Fidelity Canadian Retirement Survey, June July and August […]

By Staff |June 17, 2008

4 min read

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Currency management is vital

Thirty years ago currency management was little more than the introduction of a free-floating exchange rate. Now currency management is the coup d’état of global portfolio construction — the latest risk management tool of many financial analysts. “Currency management is about mitigating risk, not about generating returns,” explained Zainul Ali, CFA, senior asset consultant at […]

By Romana King |June 17, 2008

2 min read

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Mining returns may have peaked: PwC

The study, entitled Mine — As good as it gets, says that the global mining industry has not seen the effects of economic slowdown that hit other regions or sectors of the economy. In fact, the opposite is true — the sector has had explosive growth. Total shareholder returns for the top 40 mining companies […]

By Mark Noble |June 17, 2008

3 min read

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(June 16, 2008) Financial services industry associations representing institutions from around the world want greater access to China’s domestic financial services market. “We urge G-8 finance ministers meeting in Osaka, Japan, to encourage China to further open the Chinese financial sector to greater foreign participation,” the groups said in a joint statement. “By helping to […]

By Staff |June 16, 2008

2 min read

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Money market sales surge: IFIC

Investors were playing it safe in the month of May, preferring to park their money in short-term investments for the time being. Net inflows to the mutual fund industry topped $2.2 billion, according to the Investment Funds Institute of Canada. Long-term funds accounted for $752 million in net new sales, which is respectable considering sales […]

By Steven Lamb |June 16, 2008

3 min read

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Stagflation creeping in: BMO’s Cooper

In her latest review on the economy, entitled The New Stagflation, Cooper says the world’s major central banks seem to be focused on inflation-fighting — the latest example being last week’s rate decision by the Bank of Canada not to cut its trend-setting bank rate. The reluctance of central banks to ease rates comes in […]

By Mark Noble |June 16, 2008

5 min read

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(June 13, 2008) Assumption Life is celebrating the third consecutive year win of the prestigious Best Practices in Learning and Development award from the Life Insurance Institute of Canada (LOMA). The National Corporate Awards are dedicated to the memory of André Mailhot, vice-president of human resources, Industrial-Alliance Life Insurance Company, who died in 1994. This […]

By Staff |June 13, 2008

4 min read

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Fair value accounting rarely fair

Industry experts are questioning whether fair value accounting for current and future assets is really providing the transparency and accessibility it originally promised. In a workshop conducted by Standard & Poor’s in Toronto on Thursday, bank officials, accountants, analysts, regulator spokespeople and ratings specialists squared off on whether or not the increased relevance offered by […]

By Romana King |June 13, 2008

4 min read

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(June 12, 2008) Richardson Partners Financial has announced the opening of an office in Guelph, Ont., bringing the firm’s number of offices to 12, following last month’s opening in Sidney, B.C. “Guelph has one of the premier research universities, a diverse variety of manufacturing, service and high technology enterprises and is one of the fastest-growing […]

By Staff |June 12, 2008

3 min read

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Economic clouds not so dark

The Canadian economy, as a whole, is in better shape than most people believe, according to Avery Shenfeld, managing director and senior economist for CIBC World Markets. But not surprisingly, that strength is regionally focused. “Where oil, gas, potash and metallurgical coal and other commodities in high global demand are the core of the economy, […]

By Staff |June 12, 2008

3 min read

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